The advent of online education in the first decade of the 21st century was the result of and a response to a number of factors that were both internal and external to the field of higher education. Traditional tertiary institutions, especially those that were privately endowed, raised tuition rates far in excess of the rate of inflation. This, in concert with a larger demand for postsecondary education for working adults, helped facilitate the introduction of online learning. However, it should be acknowledged that the relative simplicity of using the Internet as a platform, as well as its cost-effectiveness, was seized upon by entrepreneurs in the private sector. Online education is largely in the hands of for-profit companies. The question now becomes whether the democratization of higher education is worth the price of removing it from nonprofit, research-based universities.